Submission + - We can move beyond the capitalist model and save the climate (theguardian.com) 4
Our existing economic system is incapable of addressing the social and ecological crises we face in the 21st century.
The purpose [of capital] is to maximise and accumulate profit. That is the overriding objective. This is the capitalist law of value.
There are three necessary conditions for the transformation of our economy from a dead-end dictatorship into a functioning and ecologically sound democratic one.
These are their three conditions, epigrammatically:
- A new financial architecture
- Extensive use of deliberative democracy
- Corporate Reform that favours and promotes the formation of companies run along the lines of one employee, one share, one vote.
We live in a shadow of the world we could create. A world in which we shall be able to avert an almost certain ecological collapse, rather than waiting around for capitalism to push us beyond the point of no return. A world where the abolition of economic insecurity, precarity, poverty, unemployment and indignity is possible, while we lead meaningful lives within planetary boundaries. This is not a distant dream. It is a tangible prospect.